Solving a saddlepath unstable model with complex-valued eigenvalues

This paper investigates the success of the well-known reverse-shooting and forward-shooting algorithms in finding stable solutions for linear macroeconomic models that both possess the particular property known as saddle-path instabiity and also have highly cyclic dynamic properties. It is anticipat...

詳細記述

書誌詳細
主要な著者: Stemp, P, Herbert, R
フォーマット: Working paper
出版事項: University of Oxford 2003